Jet fuel prices are weighing heavily on carriers like American Airlines.
American said fuel prices have increased in the third quarter, anticipating adjusted earnings per share between 20 and 30 cents. The carrier also mentionedThe International Air Transport Association
tracks jet fuel prices. The global average jet fuel price last week increased by 1.6% compared to the week before. In North America, jet fuel cost $3.18 cents per gallon on average last week, according to the tracker, up 2.2% from the week prior.Stay prepared. Receive the latest airlines news, delivered straight to your inbox.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Airlines, Spirit Airlines cut summer profit forecast on higher costsSouthwest Airlines and Alaska Airlines trimmed their forecasts earlier this month.
Read more »
Rocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fall, Wednesday, 9/13/2023Stocks that are trading heavily or have substantial price changes on Wednesday: Rocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fall.
Read more »
Factbox-Airlines, suppliers set to take a hit from RTX's jet engine issues By ReutersFactbox-Airlines, suppliers set to take a hit from RTX's jet engine issues
Read more »
American Airlines cuts profit outlook amid higher fuel prices and a $230 million labor expenseAmerican Airlines' stock dropped Wednesday after the carrier cut its profit outlook, citing higher fuel prices and a retroactive pilot pay expense.
Read more »
American Airlines, Spirit lower guidance on higher fuel costsU.S. air carriers like and American Airlines and Spirit Airlines are cutting their third-quarter profit forecasts due to rising fuel costs and other expenses.
Read more »